Page 19 - Msmes

MSMEs, industries must be made import-substitute for self-reliance: Gadkari

Says private sector should think more about tribals, villagers, farmers and other marginalised sections while talking about growth

Grofers announces 9-day sales scheme, Rs 50 cr support to local partners

The company aims to sell 9 crore items produced by its partners including 5.5 crore items that are produced locally, Grofers said in a statement

Private sector should think about marginalised section, says Gadkari

The private sector should think more about the marginalised sections while talking about growth, Union Minister of Micro, Small and Medium Enterprises (MSME), Nitin Gadkari said on Saturday.

Adityanath govt transfers online loans of Rs 2,447 cr to new MSME units

Yogi Adityanath said that his government was working with full dedication to explore all possibilities to realise 'self reliant India'

Gujarat's new industrial policy pegs average annual outlay of Rs 8000 cr

Gujarat CM Rupani said that the new policy has been formed to further consolidate the growth momentum that the state has achieved over the past few years as well as enhance the current growth rate

UP signs MoU with eBay to provide global marketing platform for MSMEs

Adityanath said his government was steadfastly working towards making the state self reliant and exploring all such possibilities

RBI gives Covid-hit MSMEs one more window for restructuring loans

Businesses that didn't slip into NPA till March 1, and were treated as 'standard' accounts will benefit from the scheme which will have to be implemented by March 1, 2021

Banks sanction Rs 1.38 trn loans to MSMEs under credit guarantee scheme

The scheme is the biggest fiscal component of the Rs 20-trillion Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman in May

Local demand to prop up crop protection SMEs: CRISIL SME Tracker

Exports, which account for 55 per cent of the pie, are likely to decline by 3 per cent due to lower demand from key importing nations such as the US, Brazil and France

Rating models for MSMEs need to be revisited amid Covid-19 crisis: Experts

The credit rating models for micro, small and medium enterprises should be revisited in the wake of the coronavirus crisis, financial experts said on Thursday.

SIDBI, TransUnion CIBIL launch financial knowledge platform for MSMEs

The portal will have a consolidated list of all the schemes launched by the Centre and state governments for MSMEs

Banks sanction Rs 1.3 trn loans to MSMEs under credit guarantee scheme

The scheme is the biggest fiscal component of the Rs 20-trillion Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman in May

India offers best destination for foreign investment in MSME, NBFC: Gadkari

Calling India as most favourable destination for foreign investment, Gadkari urged foreign investors to reap rich dividends by investing in the country's infrastructure, MSMEs, banks, NBFCs

India offers golden opportunity; best destination for investment: Gadkari

The minister said that economic consultants have predicted budget deficit of Rs 10 trillion and the foreign direct investment is the need of the hour for pumping in liquidity into the market

Banks sanction Rs 1.27 trn loans to MSMEs under credit guarantee scheme

However, disbursements against this stood at Rs 77,613 crore till July 20 under the 100 per cent ECLGS for micro, small and medium enterprises (MSMEs)

MSME margins to shrink on Covid-induced loss of demand: CRISIL SME Tracker

Long constrained for liquidity, MSMEs now also have to cope with loss of demand, labour shortage, and heightened risk aversion in the financial system due to the Covid-19 pandemic.

Amazon Global Selling programme hits $2 bn in overall exports from India

The programme helps over 60,000 Indian exporters sell 'Made in India' products, pledges to take cumulative shipment values to $10 bn by 2025

CBDT to share depreciation, turnover info of small firms with MSME ministry

The Central Board of Direct Taxes has signed a memorandum of understanding in this regard with the Ministry of Micro, Small and Medium Enterprises

Top headlines: Debt to hit 87.6% in FY21, Amazon boosts MSME exports & more

Here are the top headlines of the day

Indian MSMEs on Amazon global selling programme cross $2 billion in exports

Indian SMEs and brands using Amazon global selling export worldwide has now crossed $2 billion in cumulative exports